FASB Clarifies the Scope of Reference Rate Reform Guidance
The FASB clarifies the scope of recent reference rate reform guidance through a new ASU issuance today. In March 2020, the FASB issued guidance aimed…
read more
FASB Proposes Alternative to the Goodwill Triggering Event Assessment
The FASB proposes alternative to the goodwill triggering event assessment in a proposed Accounting Standards Update (ASU). This proposed ASU intends to reduce the complexity…
read more
FASB Proposes Improvements for Acquired Revenue Contracts with Customers in a Business Combination
The FASB proposes improvements in a proposed Accounting Standards Update (ASU) intended to address inconsistency and diversity in practice related to the accounting for revenue…
read more
IASB Proposes Amendments to IFRS 16 Leases
The IASB proposes amendments to IFRS 16 Leases by specifying how a company measures the lease liability in a sale and leaseback transaction. Sale and leaseback transactions…
read more
FASB Delays Long-Duration Insurance Guidance and Eases Early Adoption Provisions
The FASB issues an Accounting Standards Update (ASU) that delays and eases early adoption provisions for long-duration insurance guidance to help insurance companies adversely affected…
read more
FASB Issues Proposal to Clarify Scope of Reference Rate Reform Guidance
The FASB issues proposal clarifying the scope of reference rate reform guidance today. Stakeholders interested are to provide input on the proposed ASU by November…
read more
FASB Proposes Improvements to the Leases Standard
The FASB proposes an Accounting Standards Update (ASU) intended to improve three areas of the leases standard. Stakeholders are encouraged to review and provide comments…
read more
FASB Issues Guidance for Nonrefundable Fees and Other Costs
The FASB issues Accounting Standard Updated (ASU) No. 2020-08, Codification Improvements to Subtopic 310-20, Receivables—Nonrefundable Fees and Other Costs. This ASU clarifies that an entity…
read more
FASB Approves Updates to Presentation and Disclosures by Not-for-Profit Entities
The FASB approves updates to presentation and disclosures by Not-for-Profit entities by issuing Accounting Standards Update (ASU) No. 2020-07 Not-for-Profit Entities (Topic 958): Presentation and…
read moreFASB Improves Convertible Instruments and Contracts in an Entity’s Own Equity
The FASB improves convertible instruments and contracts in an entity’s own equity. The FASB improves convertible instruments and contract in an entity’s own equity by…
read more